The ruling of the Supreme Court in the dispute between Nabha Power (NPL) and Punjab State Power Corporation (PSPCL) establishes important precedents not just in the power sector, but also other infrastructure sectors said HSA Advocates partner Aniket Prasoon who represented NPL, a subsidiary of L&T Power Development.
HSA briefed senior counsel Mukul Rohatgi and CS Vaidyanathan, who appeared for NPL. HSA retooled the legal strategy and recalibrated legal arguments to focus on the adjudication in the Supreme Court, “apart from the usual deliverables of drafting pleadings, written argument notes and submissions and researching case laws, (the role of the firm extended to) briefing and interfacing with senior counsel,” Prasoon told India Business Law Journal.
Supreme Court directed PSPCL to pay NPL ₹11 billion (about US$170 million) for coal washing and transportation costs. This also saved NPL from paying ₹80 billion over the balance term of 22 years of the power purchase agreement (PPA).
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